Sentra Consulting Corp. Announces Acquisition of Karat Platinum LLC

Sentra Consulting Corp. announced today the acquisition of 100% of the membership interests of Karat Platinum LLC, a New York limited liability company which manufactures and sells platinum alloy and platinum jewelry. Sentra issued an aggregate of 30 million shares of common stock to acquire Karat Platinum from its members, or 90.4% of the issued and outstanding share capital. As a result of the acquisition, Karat Platinum became a wholly-owned subsidiary of Sentra.

David Neuberg, one of the founders of Karat Platinum and its newly appointed CEO and a Director of Sentra, commented, "Our relationship with Sentra gives us the opportunity to realize the full potential of our revolutionary new platinum alloy. As a subsidiary of a public company, we enhance our credibility and leverage when dealing with both suppliers and customers."

Karat Platinum, co-holders of a patent pending for the manufacture of a platinum alloy containing 58.5% platinum and 41.5% cobalt and copper, claims the new alloy, referred to as 14 Karat Platinum®, has certain properties that make it superior to the 95% platinum used in the jewelry industry today. These include, lower cost, improved castability, and greater durability.

"This new platinum alloy is considered to be one of the most significant innovations in the jewelry industry in the past one hundred years," states Philip Septimus, Chairman of Sentra Consulting. "We believe that marketplace acceptance of 14 Karat Platinum® will follow the same path as the popularity of 14 Karat gold which now dominates the jewelry market."

Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including without limitation, market penetration of our products, competitive market conditions, and the ability to secure sufficient sources of financing. The actual results of Sentra could differ materially from any forward-looking statements due to such risks and uncertainties. Sentra encourages the public to read the information provided here in conjunction with its most recent filings on Form 8-K. Sentra's public filings may be viewed at http://www.sec.gov.

 

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